ORCL reports tonight

SNAP Oct 9 Put Buyers 

BITX hod as BTC gets some flow

SMCI 60 minute divergence and bouncing 

FLUT - Chart Link - one idea and one winner from last Week 

ES came back to support zone and is bouncing ES 5442 - nice action on levels - trail up stops in accordance with your risk tolerance.  

ES moved up into the key zone discussed on weekend and earlier today (5474/82) and rejected upon initial test 

SPY - Chart Link- 5 waves up and BOS

$VIX - Chart Link

ES decent bounce overnight after initial test of demand zone after hours on Friday (5397-5320) - moved up into broad supply zone (5560-5670 with key zone 5572-90)

On the smaller time frames, ES broke above previous high (5430s) creating a BOS (break of structure) as did NQ so that is constructive against Friday lows on any pullbacks

NQ Daily Supply (18,829-19,100)  

Weekend Newsletter

The results show the next trading day if 9/11 fell on the weekend 

It can adjust quickly as Fed moves aggressively

AAPL Event Monday

Going long on or prior to the 9/10 close has been quite lucrative over the past 17 years.   Below are returns over the past 14 years from the prior day close to the intraday high on 9/11.  

Source: MarketSleuth (shown are past 14 years but it's been 17 consecutive years of gains - past results are no guarantee but worth sharing). 

SPX traded in a narrow range for about 2 weeks before an impulsive sell lower on Tuesday - from contraction comes expansion.  

As pointed out on Thursday, the market structure remained bearish following Tuesday's BOS (Break of Structure).  

Bears in Control until ES 5475/82 reclaims.  ES has now retraced approximately 50% of the previous advance.   Demand zone 5394-5319 shown below along with certain Fibs

This count becomes less probable on a break of 5300  (one other option would be price carving out a triangle if it remains in a range).  Onus on the bulls short term. 

Recessions don't begin historically until the 3M/10Y Yield Curve Ends Its Inversion 

Refinitive Datastream

SMH semis worst week since March 2020, down -12% this week.

GME pump - Roaring Kitty posted a meme

Waller (FED member) spike